Concrete Foundation Inc
- Assets
- $101.1m
- Revenue
- $16.3m
- Investments
- $79.3m
- Employees
- 0
- Location
- Craftsbury Common, VT
- Founding
- 05/2015
- Data as of
- 10/2022
- EIN
- 20-3794063
Organization Overview
Concrete Foundation Inc is located in Craftsbury Common, VT. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concrete Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2022, Concrete Foundation Inc generated $16.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.2m during the year ending 10/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Concrete Foundation Inc has awarded 34 individual grants totaling $4,021,472. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS AND PROMOTES PARTICIPATION AND EXCELLENCE IN NORDIC SKIING DURING THE MONTHS OF NOVEMBER THROUGH APRIL AT THE CRAFTSBURY OUTDOOR CENTER.
THE FOUNDATION SUPPORTS THE FIRST ROWING CAMP IN NORTH AMERICA, THE CRAFTSBURY SCULLING CENTER, REMAINS ONE OF THE DEFINITIVE TRAINING LOCATIONS & EXPERIENCES FOR SCULLERS WORLDWIDE.
THE FOUNDATION OFFERS A POST GRADUATE PROGRAM, THE NORDIC SKIING GREEN TEAM, WHICH ALLOWS UP TO 13 SKIERS THE OPPORTUNITY TO CONTINUE TRAINING AND ATTENDING COMPETITIONS AFTER COLLEGE.
THE FOUNDATION OFFERS A POST GRAD PROGRAM, SCULLING SMALL BOATS TEAM, WHICH ALLOWS UP TO 18 SCULLERS THE OPPORTUNITY TO CONTINUE TRAINING AND ATTENDING COMPETITIONS AFTER COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Hammond Hosmer Point Camp Di | 40 | $70,506 | |
Eric Schulz Special Projects | 40 | $63,548 | |
Chasidy Lamare Office Manager | 40 | $61,102 | |
Andrea Carpentier Bookkeeper/hr | 40 | $58,699 | |
Pepa Miloucheva Grp Ski Coach | 40 | $54,690 | |
Richard A Dreissigacker Director/president | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kingdom Construction Inc | 10/30/20 | $342,313 |
Gray's Paving & Asphalt Plant Inc | 10/30/20 | $240,139 |
Rg Gosselin Inc | 10/30/20 | $221,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,305,541 |
| Interest on Savings | $10,555 |
| Dividends & Interest | $2,698,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$203,003 |
| Capital Gain Net Income | $478,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $204,787 |
| Profit on Inventory Sales | -$33,742 |
| Other Income | $3,491,971 |
| Total Revenue | $16,269,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,042,938 |
| Pension plans, employee benefits | $0 |
| Interest | $978 |
| Taxes | $240,862 |
| Depreciation | $448,229 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $404,156 |
| Printing and publications | $28,065 |
| Other expenses | $1,778,435 |
| Total operating and administrative expenses | $6,197,932 |
| Contributions, gifts, grants paid | $3,206 |
| Total expenses and disbursements | $6,201,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407,421 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $76,729 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $90,218 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,266,588 |
| Net Land, buildings, and equipment | $19,610,901 |
| Other assets | $573,143 |
| Total assets | $101,088,945 |
| Accounts payable and accrued expenses | $366,736 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $352,477 |
| Total liabilities | $719,213 |
Grants Awarded
Over the last fiscal year, Concrete Foundation Inc has awarded $3,206 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hardwick, VT PURPOSE: GENERAL SUPPORT | $2,722 |
Albany, VT PURPOSE: GENERAL SUPPORT | $484 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Concrete Foundation Inc has recieved totaling $5,200.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |
Montshire Museum Of Science Norwich, VT | $18,203,770 | $4,178,719 |
Friends Of@raising The Village Incorporated New York, NY | $175,173 | $3,119,375 |